Comprehensive research reports provide in-depth industry analysis and five-year growth forecasts, with special
focus on the underlying structure and external forces and relationships that affect industries and their
performance. Report contents include:

Key statistics

Market size and characteristics

Current performance

Competitive landscape

Major companies

Key risk and success factors

Five-year growth forecast

PEC
Information resources available from this trade association include:

Educationhttp://www.pegcc.org/education/
Education section provides an overview of the PE industry, how it works, and how it impacts the U.S. economy,
and includes a summary analysis of current and historical trends for PE investment volumes, fundraising
levels, callable capital reserves, and exit volumes. All information is available free online.

Researchhttp://www.pegcc.org/research/
Research section includes articles, white papers, and case studies which address various aspects of the
PE industry, with topics covered including investment trends and statistics, industry performance, impact
on capital markets, top states and Congressional districts, and more. All information is available free
online.

Bain & CompanyPrivate Equity Global Reporthttp://www.bain.com/publications/
Annual study examines trends and events which impacted the PE industry over the past year and looks ahead at
expectations for the coming year and beyond, with major topical categories covered including investments, exits,
fundraising, and returns. Study can be downloaded and viewed online with registration.

Frost & SullivanPrivate Equity and Venture Capital Investment Trendshttp://www.frost.com/
Extensive selection of market research reports provides in-depth coverage, analysis, and forecasts for the private
equity and venture capital investment trends on a global basis, with individual reports covering specific industries
such as packaged foods, chemicals and materials, financial services, and aerospace and defense. Report overview
and extended table of contents for each study can be viewed free online.

Cost structure benchmarks section of these reports provide an analysis of industry costs and profits as
a percentage of revenue by income and expense category (e.g., purchases, wages, depreciation, marketing,
rent and utilities, other expenses, and earnings before interest and taxes) and includes commentary on trends
and expectations for specific categories. Sample report can be downloaded and viewed online.

Holt/Thomson ReutersNorth American PE/VC Compensation Reporthttp://investmentbenchmarks.com/
Annual study provides compensation data (e.g., salary, bonus, carried interest, and carry-dollars-at-work allocations)
for investment, management, and administrative personnel by firm type and size (assets under management of less
than $400 million; $400 - $999 million; and $1.0 billion or more), and also includes information on firm-wide
compensation practices (e.g., bonus, carried interest, and co-investment plans). Selected excerpts from the
study including summary table of contents can be viewed online.

Business Valuation Resources

IPEVInternational Private Equity and Venture Capital Valuation Guidelineshttp://www.privateequityvaluation.com/
International private equity and venture capital valuation guidelines provide guidance and recommendations for
use by these funds in determining fair value measurements for financial reporting purposes which are in compliance
with both the International Financial Reporting Standards (IFRS) and U.S. Generally Accepted Accounting Principles
(US GAAP). Publication can be downloaded and viewed online.

GF Data ResourcesM&A Middle Market Valuation Databasehttp://www.gfdataresources.com/
Subscription service provides valuation data for PE-sponsored transactions in the $10 million to $250 million
range, with valuation data broken out industry, deal size, and type of transaction. Subscribers receive quarterly
reports which provide summary data and also have access to detailed valuation data through the online database.
Complimentary copy of current summary report is available upon request.